Showing 1 - 10 of 986
We assess the impact of the Eurosystem's Targeted Long-Term Refinancing Operations (TLTROs) on the lending policies of euro area banks. We first build a theoretical model in which banks compete in the credit and deposit markets. We distinguish between direct and indirect effects. Direct effects...
Persistent link: https://www.econbiz.de/10012844182
It has been argued that the increasing importance of global value chains necessitates a modification of conventional competitiveness measures. We compile a broad dataset including value added trade, gross exports and conventional and value added based real exchange rates. To sharply focus on...
Persistent link: https://www.econbiz.de/10012985331
Payment scale economies affect banking costs, competition in payment services, and pricing. Our scale measure relates … are primarily due to mix, not scale. Also, since standard indicators of competition can give inconsistent results, a …. Existing differences in bank prices (EC report) are associated with small differences in competition …
Persistent link: https://www.econbiz.de/10013149843
We study the effect of interbank market integration on small firm finance in the build-up to the 2007-2008 financial crisis. We use a comprehensive data set that contains contract terms on individual loans to 6,047 firms across 14 European countries between 1998:01 and 2005:12. We account for...
Persistent link: https://www.econbiz.de/10013137713
competition drives less productive firms out the market, thereby increasing average productivity as well as reducing average …
Persistent link: https://www.econbiz.de/10013316662
This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well - known measures of … competition can consider the entire banking market only. A caveat of the Boone - indicator may be that it assumes that banks …
Persistent link: https://www.econbiz.de/10013317045
intensity of competition in firms' product markets, on the importance of collective wage bargaining and on other structural and …
Persistent link: https://www.econbiz.de/10013133770
In this paper we explore the link between the intensity of product market competition and inflation rates across EU … over time and as alternative proxies of competition we use the level of mark-up, profit margin, the profit rate and a … survey based “intensity of competition” variable. Results for both aggregate and sectoral panels show that the extent of …
Persistent link: https://www.econbiz.de/10011604499
This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …
Persistent link: https://www.econbiz.de/10011604814
This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and … deposits during the 1994-2004 period, using a novel measure of competition called the Boone indicator. We find evidence that … stronger competition implies significantly lower spreads between bank and market interest rates for most loan market products …
Persistent link: https://www.econbiz.de/10011604931